$16 Billion Development in Cambodia Given Go Ahead

Singapore urban, infrastructure and managed services consultancy, Surbana Jurong Group have received approval for an 834-hectare project in Cambodia that will include tourism projects alongside commercial and residential developments for up to 130,000 people.

The project, Ream City, is projected to cost US$16 billion (approx £11.6 billion) and will be located just 10 minutes drive from Sihanoukville International Airport and is designed to revitalise the entire region. Much of the development will be on reclaimed land.

The projects tourism plans include beach resorts, hotels, family attractions, shopping malls and a yacht and marina club alongside residential developments including beachfront homes, condominiums and housing estates.

“Cambodia continues to attract a steady flow of foreign direct investments. With our partners, we see immense potential to drive growth in this key market through our participation in iconic infrastructure projects.”

“The proposal prioritises the integration of nature to enhance the built environment. A major part of the plan includes an extensive beachfront that stretches beyond 6km. This will support a wide range of waterfront activities and inject vibrancy to the community… Once fully developed, Ream City will be an exciting destination for dining, retail, work, recreation and living.”

Mr Yeo Choon Chong, CEO, ASEAN, Surbana Jurong
Credit Surbana Jurong

Sihanoukville International Airport is also undergoing expansion and will see its capacity increase to accommodate 3.6 million passengers annually with further plans expected to deal with a potential passenger load of 10 million by 2030.

Sihanoukville province is the location of one of two special tourism areas in Cambodia, the other being Siem Reap designed to attract foreign investment into the country and increase the numbers of foreign tourists.

Developments in Cambodia have not been short of controversy. There has been some concern regarding a $350 million project in Siem Reap, provisionally called Angkor Lake of Wonder, that will be situated on the doorstep of the Angkor Archaeological Park and Grand Siem Reap, a large high-rise city planned for 60km (37 miles) east of Siem Reap.

Last week we also reported on an eco-tourism project planned for the Lower Mekong Dry Forest Eco-region in Cambodia.

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